Heres the small print from your credit card contract made BIG.
Heres how your banks making money out of you and how you can turn it to your advantage maybe even make some money out of them.
Crafty Credit card trick 1. Interest Backdating
Most credit card issuers charge interest starting from the day a purchase is made on your credit card account if (like most people) you don't pay in full every month. Did you know however you're being charged interest before they've even paid the shop!
Thats right they're charging you for the money from day One but it usually takes 3-5 Days for the transaction to go through, in a way I suppose this is reasonably because they have an arrangement you wouldn't get anyway. But if your a regular credit card user it could work out as a lot of money for them!
